Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Northwest Wealth Management LLC

Northwest Wealth Management LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 420 shares of the retailer’s stock after purchasing an additional 22 shares during the period. Northwest Wealth Management LLC’s holdings in Costco Wholesale were worth $357,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the first quarter worth about $32,000. Vima LLC bought a new stake in Costco Wholesale in the fourth quarter valued at about $34,000. DSM Capital Partners LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at approximately $36,000. Finally, Financial Connections Group Inc. lifted its holdings in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

NASDAQ COST opened at $876.68 on Friday. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $918.93. The stock’s 50-day moving average price is $857.45 and its two-hundred day moving average price is $799.68. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $388.66 billion, a PE ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 in the last three months. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. TD Cowen boosted their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Citigroup raised their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft upped their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Evercore ISI raised their price target on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $828.73.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.